The nation’s largest black-owned businesses, in sectors including manufacturing, construction, automotive, and financial services, have applied transformative strategies and sustainable models in a tech-driven, competitive world
The BE 100s—the nation’s largest black-owned businesses—are engaging in the same tech transformations and generational shifts that have marked today’s changing business landscape.
Take the transaction led by Eric Kelly, the Silicon Valley heavyweight that black enterprise has identified as one of the top tech influencers. In November 2018, Kelly, through a management-led buyout, acquired Overland Tandberg from Sphere3D, a publicly traded NASDAQ company. The San Jose, California-based data management and protection powerhouse has emerged as a newcomer on the top 100 list, making its debut at No. 56 with $67 million in revenues. Another tech innovator, San Francisco-based online legal services trailblazer Rocket Lawyer (No. 60 on the top 100 with $60 million in revenues), has launched a new product called Rocket Wallet that uses blockchain applications for contract execution.
Both companies represent the rising number of technology companies powering the top 100. Their presence also signals multiple trends that are reshaping the industrial and managerial configuration of the nation’s largest black-owned businesses. Many firms among this year’s be 100s produced solid revenue growth. Others, however, proved less fortunate, wrestling with issues such as diminished cash flow, eroding market share, and tougher competition. Yet most have displayed canny resilience to succeed in an increasingly unpredictable environment.
In other words, the be 100s continue to demonstrate forward momentum.
The next generation of entrepreneurial leadership has also become apparent. That is evident with the recent changes at be 100s mainstays like James Group International in Detroit and C.D. Moody Construction in Atlanta. Another trend has less to do with the bottom line rather than a much-needed focus on community advancement and managerial pipeline development.
هذه القصة مأخوذة من طبعة Summer 2019 من Black Enterprise.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة Summer 2019 من Black Enterprise.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Great Leaders Aren't Born, They're Made
Former Aetna CEO Ron Williams shares his decades of leadership lessons in his new book
How Fifth Third's Kala Gibson Drives Impactful Urban Entrepreneurship
As executive vice president and head of business Banking for Fifth Third Bank, Kala Gibson focuses on helping small businesses gain the resources necessary for them to continue to drive employment, innovation, and impact.
I Want to Be a Triple Threat
I always loved Papa John's. I was introduced to it in ’89 in Baton Rouge Louisiana when I didn’t have a lot of money but I had enough money for a big ol’ Shaqaroni pizza—sausage, pepperoni, extra cheese.
This Young, Black Aerodynamics Engineer Is Rebooting Classics At General Motors
THE CHEVY BLAZER HAS GOTTEN A MAKEOVER IN 2019.
This Dell Exec Took A Leap, And Landed At SVP
NAJUMA ATKINSON HAS BUILT A 20-YEAR CAREER AT DELL TECHNOLOGIES Inc.
Power In The Boardroom
EXPANDING BLACK REPRESENTATION IN THE BOARDROOM AND THE C-SUITE REQUIRES ADVOCACY, STRATEGY, AND POSSIBLY, LEGISLATION. TO MEMBERS OF OUR B.E. REGISTRY OF CORPORATE DIRECTORS, HOWEVER, THE DETERMINING FACTOR COMES DOWN TO LEADERSHIP.
Has History Met Your Badass?
If black women don’t assert power and their place in history, everybody loses
A Crash Course In Success
Damian Mills’ strategic leadership, talented team, and knack for turning crises into Lucrative Opportunities turned his mega-dealership into an unstoppable force
Growing Together
How strategic alliances between major corporations and african american businesses and organizations can serve as models for economic and social advancement
The 4H Club
ICV partners has attracted millions in capital, built a portfolio of high-return companies, and diversified private equity by following its core values of staying humble, hard working, honest, and hungry
